Powerful Features

Discover how ReconcileIQ transforms hours of manual reconciliation into seconds with our suite of intelligent features.

Explore Features Try It Free

Lightning Fast Processing

Match thousands of transactions in just seconds with our proprietary algorithm.

Smart Transaction Matching

Automatically identify patterns and resolve complex matching scenarios.

Instant Reports

Generate detailed reconciliation reports with a single click.

Feature Details

Core Features
Advanced Tools
Reporting & Export
File Support
LedgerIQ Analytics
ReconcileIQ Transaction Matching Interface

Smart Transaction Matching

Our proprietary matching engine intelligently identifies corresponding transactions between your bank statement and accounting records, even when:

  • Timing Differs

    Matches transactions with different posting dates

  • Descriptions Vary

    Recognises the same transaction despite different labels

  • Batch vs. Individual Entries

    Automatically matches grouped transactions to their individual components

  • Fuzzy Matching

    Suggests potential matches with confidence indicators when perfect matches aren't found

Intelligent File Mapping

Upload your files and let ReconcileIQ automatically detect and map the transaction data columns.

  • Automatic Column Detection

    Smart identification of date, amount, and description fields

  • Interactive Mapping Interface

    Click and drag to adjust column mappings if needed

  • Handles Complex Formats

    Works with various date formats and amount representations (positive/negative, debit/credit)

ReconcileIQ File Import Interface
ReconcileIQ Security Features

Enterprise-Grade Security

Your financial data is sensitive. We protect it with the highest security standards in the industry.

  • Bank-Level Encryption

    AES-256 encryption for all data in transit and at rest

  • Temporary Processing

    Files are automatically deleted within 5 minutes of processing

  • GDPR Compliant

    Full compliance with data protection regulations

ReconcileIQ Advanced Matching Features

Advanced Matching Logic

Handle even the most complex reconciliation scenarios with our sophisticated matching algorithms.

  • Batch Transaction Matching

    Intelligently handle cases where multiple entries match to a single transaction

  • Confidence Indicators

    Percentage-based likelihood scores show match reliability

  • Fuzzy Description Matching

    Identifies similar transactions even with text variations

Results Analysis

After the initial reconciliation, our results screen helps you quickly identify and resolve remaining discrepancies.

  • Missing Transaction Detection

    Clearly shows items in your bank statement that don't appear in your books

  • Extra Transaction Identification

    Highlights records in your books that don't match to bank entries

  • Pattern Analysis

    Identifies recurring issues or opportunities for better bookkeeping

ReconcileIQ Results Analysis
ReconcileIQ Suggestion Engine

Intelligent Suggestion Engine

For transactions that can't be automatically matched, our system suggests the most likely candidates.

  • Confidence Scoring

    Suggestions ranked by probability of match

  • One-Click Acceptance

    Approve suggestions with a single click

  • Smart Filtering

    Quickly search through unmatched transactions to find what you need

ReconcileIQ Reporting Features

Comprehensive Reporting

Generate detailed reports instantly with complete visibility into your reconciliation process.

  • Reconciliation Summary

    Overview of matched, unmatched, and flagged transactions

  • Exception Reports

    Detailed breakdowns of unmatched or problematic transactions

  • Visual Representations

    Charts and graphs to visualise your reconciliation status

Export Options

Export your reconciliation data in multiple formats to meet your specific needs.

  • PDF Reports

    Generate professional PDF reports for distribution or record-keeping

  • CSV Exports

    Export to CSV for further analysis in spreadsheet software

  • Export Current View or All Data

    Choose to export just what you're looking at or the complete dataset

ReconcileIQ Export Options
ReconcileIQ Visualizations

Interactive Visualizations

Understand your reconciliation at a glance with intuitive visual representations.

  • Transaction Distribution

    See the breakdown of matched vs. unmatched items

  • Pattern Analysis

    Visualise recurring patterns in your reconciliation data

  • Interactive Elements

    Click on chart elements to drill down for more details

ReconcileIQ File Support

Supported File Formats

ReconcileIQ works with the most common file formats from banks and accounting systems.

  • CSV Files

    Standard comma-separated values format

  • Excel Files (XLS, XLSX)

    Microsoft Excel spreadsheet formats

  • Universal Compatibility

    Works with exports from all major banks and accounting software

Banking Compatibility

Works with statement exports from all major banks and financial institutions.

  • Major UK Banks

    HSBC, Barclays, Lloyds, NatWest, Santander, and more

  • Digital Banks

    Monzo, Revolut, Starling, Wise, and others

  • Payment Processors

    PayPal, Stripe, and other payment platforms

ReconcileIQ Banking Compatibility
ReconcileIQ Accounting Compatibility

Accounting Software Compatibility

Works with exports from all popular accounting platforms.

  • Major Accounting Software

    Xero, QuickBooks, Sage, FreshBooks, and more

  • Cloud Accounting

    Compatibility with modern cloud-based platforms

  • Easy Integration

    Simple export-import workflow with any accounting system

Coming Soon: API Integration

We're developing direct API connections to streamline your reconciliation workflow even further.

Bank API Connections

Direct connections to banking APIs for automatic transaction imports

Accounting Software APIs

Integrate directly with your accounting platform

Developer API

Add ReconcileIQ's powerful matching engine to your own applications

Note: API integrations are currently in development. Until then, you can use ReconcileIQ with any platform that allows export to CSV, XLS, or XLSX format.

LedgerIQ Dashboard

LedgerIQ Dashboard

Transform your financial data into actionable insights with our powerful analytics platform.

  • Interactive Data Visualisation

    Dynamic charts and graphs for at-a-glance analysis

  • Financial Metrics

    Track key financial indicators like Total Revenue, Expenses, and Net Income

  • Performance Analysis

    Measure ROA, ROE, Debt-to-Equity and other critical ratios

Advanced Analytics

Go beyond basic reporting with sophisticated analysis tools.

  • Trend Analysis

    Identify patterns and trends in your financial data

  • Seasonality Detection

    Understand cyclical patterns in your business

  • Expense Analysis

    Break down expenses to identify opportunities for optimisation

LedgerIQ Advanced Analytics
LedgerIQ Break-Even Analysis

Financial Planning Tools

Advanced tools to support your financial decision-making.

  • Break-Even Analysis

    Determine your break-even point with adjustable parameters

  • Revenue Forecasting

    Project future financial performance based on historical data

  • Expense Correlation

    Identify relationships between expenses and revenue

Note on LedgerIQ Access

Basic LedgerIQ features are available with Pro plans and above, while Advanced LedgerIQ features (including Break-Even Analysis, Margin Seasonality, and Expense Correlation) are available with Business and Enterprise plans.

Feature Comparison

Feature Free Essential Pro Business Enterprise
Transaction Credits/Month 200 1,000 2,500 20,000 150,000
Smart Transaction Matching
CSV/Excel File Support
Basic Reporting
Fuzzy Matching
Batch Matching
Pattern Analysis
Basic LedgerIQ
Advanced LedgerIQ
Premium Client Subscriptions

Features FAQ

How does the matching algorithm work?

Our proprietary matching algorithm uses a combination of exact and fuzzy matching techniques to identify corresponding transactions between bank and bookkeeping records. It considers multiple factors including:

  • Transaction amounts (exact matches)
  • Date proximity (accounting for clearing delays)
  • Description similarity (using advanced text pattern recognition)
  • Transaction context (analysing surrounding transactions)

The algorithm can also handle complex scenarios like batched payments, split transactions, and recurring payments with varying descriptions. For transactions that cannot be matched with high confidence, our suggestion engine presents likely matches with confidence indicators for quick human verification.

What file formats does ReconcileIQ support?

ReconcileIQ supports the following file formats for both bank statements and bookkeeping records:

  • CSV (comma-separated values)
  • Excel files (XLSX, XLS)

Our intelligent field mapping system automatically identifies transaction date, amount, and description fields within your files, making setup quick and painless. The system can handle various date formats and amount representations (including negative values, debit/credit columns, etc.).

Virtually all banks and accounting software allow export to at least one of these formats, making ReconcileIQ compatible with any financial system you use.

How does LedgerIQ differ from basic reporting?

While basic reporting focuses on reconciliation status and results, LedgerIQ provides advanced financial analytics and insights:

Basic Reporting:

  • Matched transaction lists
  • Unreconciled item reports
  • Reconciliation summaries
  • Transaction exception reports

LedgerIQ Analytics:

  • Interactive financial dashboards
  • Trend analysis and visualisation
  • Cash flow analysis
  • Seasonality detection
  • Break-even analysis
  • Performance metrics tracking

LedgerIQ transforms your transaction data into actionable business intelligence, helping you make informed financial decisions beyond just reconciliation. Basic LedgerIQ is included with Pro plans and above, while Advanced LedgerIQ (with break-even analysis, margin seasonality tracking, and expense correlation) is available with Business and Enterprise plans.

Is an API available for direct integration?

We're currently developing our API integrations, which will include:

  • Direct connections to banking APIs
  • Integration with accounting software platforms
  • Developer API for adding ReconcileIQ functionality to your own applications

These API features are coming soon, but not yet available. In the meantime, ReconcileIQ works seamlessly with any bank or accounting system that allows export to CSV, XLS, or XLSX format—which includes virtually all financial platforms.

We'll announce when our API becomes available. If you'd like to be notified, please contact our support team.

How secure is my financial data?

Security is our top priority when handling your sensitive financial data:

  • Temporary Processing: Files are processed temporarily and automatically deleted within 5 minutes of upload
  • Encryption: All data is encrypted in transit and at rest using bank-grade AES-256 encryption
  • No Data Storage: We don't permanently store your financial data
  • GDPR Compliance: Our practices comply with data protection regulations
  • Secure Infrastructure: Our systems use secure cloud infrastructure with regular security audits

ReconcileIQ was designed from the ground up with security as a cornerstone principle. We only process the data needed for reconciliation and don't store it longer than necessary.

Have more questions about our features?

Contact Our Support Team

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